Siemens Gamesa to install 135 units of its G114-2.0-MW wind turbines and 28 units of its G97-2.0 MW wind turbines across different sites which are set for commissioning by March 2018. Siemens Gamesa Renewable Energy has won wind power orders for a total of 326 MW from many independent power producers and Industrial customers in India.

The power sector, over a period of six months, has witnessed large scale investments in the power generation segment leading to an increase in the installed capacity to 329 GW as on September 30, 2017 from 132 GW as on March 31, 2007.

Power sector seems to have seen hectic activity over the last three years - in terms of generation, transmission and distribution of power and efforts to create and bolster demand. However, with every addition of a megawatt in power generating capacity the problems of the sector got accentuated.

Since being identified as a potential response to India's crucial power challenges since the 1990s, wind energy has undergone a major shift in India, and even after a good 25 years, its full potential is yet to be realised.

India Ratings and Research’s (Ind-Ra) initial assessment of UDAY scheme suggests that both financial outcome [gap between average cost of supply (ACS) and average revenue realisation (ARR)) and operational efficiency (decline in aggregate technical and commercial losses (AT&C)] have improved at an aggregate level.

The bids are fairly aggressive and assume most of the project risks to play out favourably. For achieving the good returns, generating PLFs of close to 35 per cent will be necessary through the life of the projects. Hence, location of the project will be very critical.

CRISIL Research believes the advent of competitive bidding in wind power would change the market landscape and lead to a sharp reduction in tariffs, put pressure on returns across the value chain, and lead to consolidation of the market towards independent power producers.

India has become a power surplus nation, albeit with certain caveats. In its wake, it has changed the whole paradigm of generation sources, with solar and wind hogging the spotlight and coal being relegated a bit.